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Technology Stocks : America On-Line: will it survive ...?

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To: yard_man who wrote (2366)3/11/1997 9:22:00 PM
From: James F. Hopkins   of 13594
 
Hi Barry: AS far as value goes she is worse than none..just found
out the ANS , ( not only leases the cable )..but they sold a
wash tub full of warrents..( more than ANS is worth ) yet ALO
puts ANS down on the asset side..( with the warrents excuded ),
she has negitive book value..or you might say the share holder
has libility...
It's crazy...but there are so many institions in this
thing..that they are stuck with it..this stock is not owned by
a lot of individuals..except via a fund..or pension plan..and
most of them are unaware..they own part of it..meanwile some of
the funds are between the rock and the hard place, likly being
told "don't you dump AOL..or I'll dump..so and so.." heavens
its a mess..run by the big money boys..I doubt she has many real
lovers..but a bunch that don't know how get out with out getting
burned..asnd much the same..all the Big movement was shorts getting
eat up..sooner or latter some fund will break the code..and dump
out..but when ?
And tell me were will all those Billions go..( or have gone )...
as in effect they do not really exist..it's like a ponzi scam,
but they can't admit they were that dumb can they ?
jim
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